SPY vs TEMP
SPY vs TEMP
State Street SPDR S&P 500 ETF Trust vs JPMorgan Climate Change Solutions ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TEMP | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.49% | |
| AUM | $789.1B | $8M | |
| Dividend Yield | 1.01% | 1.31% | |
| Holdings | 505 | 72 | |
| YTD Return | +13.79% | +18.05% | |
| 1Y Return | +23.66% | +6.98% | |
| 3Y Return (annualized) | +21.40% | +15.10% | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.3% | 21.0% | |
| Max Drawdown | -56.5% | -32.1% | |
| Fund Family | State Street Investment Management | J.P. Morgan Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Dec 13, 2021 |
SPY vs TEMP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and JPMorgan Climate Change Solutions ETF (TEMP) is a ETF from J.P. Morgan Asset Management. Over the past year SPY returned +23.66% while TEMP returned +6.98%. Year to date, SPY is up 13.79% versus a gain of 18.05% for TEMP.
Over three years, SPY compounded at +21.40% per year against +15.10% for TEMP. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs +3.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEMP has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -32.1% for TEMP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TEMP charges 0.49%. On a $10,000 position that is $9 vs $49 annually, a gap of $40 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.31% for TEMP.
Frequently Asked Questions
Which is cheaper, SPY or TEMP?
SPY has an expense ratio of 0.09% while TEMP charges 0.49%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, SPY or TEMP?
Over the past year SPY returned +23.66% vs +6.98% for TEMP, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.85% vs +3.37% for TEMP. Past performance does not guarantee future results.
Which is riskier, SPY or TEMP?
TEMP has been the more volatile fund at 21.0% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TEMP -32.1%.
Should I hold both SPY and TEMP?
SPY and TEMP have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or TEMP?
SPY yields 1.01% while TEMP yields 1.31%, so TEMP currently pays the higher dividend yield.
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